Commercial crude oil inventories jumped 6.4 million barrels as U.S. production set new records and refinery capacity utilization rose to 89.4%.
Crude oil prices fell as surging inventories, bearish supply forecasts, and muted demand overshadowed geopolitical risks and the end of the U.S. government shutdown.
Crude futures rebounded despite the EIA's weekly US inventory report showing a much higher than expected 6.4 million barrel build in crude stocks and smaller than expected draws in products.
Oil futures picked up some ground from yesterday’s selloff, holding gains into the close despite a bearish U.S. inventory ...
Valentin Marinov, head of G10 FX strategy at Credit Agricole CIB, said that any changes in Starmer and Chancellor Rachel ...
European markets and US stock futures were in the green as a path to end the US government shutdown became clearer.
The major gauges have reached a holding pattern in a volatile week with investors seeking firm news on tariffs, earnings and ...
Crude futures fell, as traders weighed this week’s large U.S. crude stock build and Saudi Arabia’s decision to cut its official selling prices for December to Asian destinations.
Oil prices edged higher on Wednesday as investors digested U.S. inventory data pointing to firmer fuel demand, while weaker ...
US stocks finished the first trading day of November mixed, with Big Tech names like Amazon (AMZN) and Nvidia (NVDA) rising ...
Absent any new geopolitical risk premium, crude markets this week focused on supply-side concerns resulting in a steady stair-step lower. Absent any new geopolitical risk premium, crude markets this ...
Oil surged over 5% after U.S. sanctions on Russia's top oil firms sparked fears of global supply disruptions. Image by Who_I_am via iStock Oil posted its biggest one-day gain in more than four months ...